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    2211 S Grand Avenue

    San Pedro, CA 90731
    • $1,050,000
    • STATUS: CONTINGENT
    • ON SITE: 28 days
    • ID#: 302985844
    Under Contract
    UPDATED: 33 min ago
    $1,050,000
    • 8
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Fourplex is a two-story wood frame & stucco 4,096 sf building on a 4501 sf lot built in 1970. The 4 units unit mix is a 1 3 bed 1.5 bath (upstairs Rear) , 2 2/1 units (stacked 1 upstairs/1 downstairs) and a 1 bedroom on the first floor as well as 2 double car garages with ample storage for 4 cars with automatic entry. There is also coin laundry on the second floor next to the central hot water heater. 22nd Street & Grand Avenue is 1 block away from Gaffey Street and several blocks (short bike ride or The Fourplex is a two-story wood frame & stucco 4,096 sf building on a 4501 sf lot built in 1970. The 4 units unit mix is a 1 3 bed 1.5 bath (upstairs Rear) , 2 2/1 units (stacked 1 upstairs/1 downstairs) and a 1 bedroom on the first floor as well as 2 double car garages with ample storage for 4 cars with automatic entry. There is also coin laundry on the second floor next to the central hot water heater. 22nd Street & Grand Avenue is 1 block away from Gaffey Street and several blocks (short bike ride or walk) to 22nd Street Landing and the water. Views from second floor unit and proximity to many of the port of LA/Long Beach employers like Longshore and logistics along with all of the south bay job market is the attraction to this Historical & affordable coastal community town. Just a few blocks from 25th street artery connecting to RPV/PVE & Rolling Hills and Trump GC and Terranea resorts. It is a beautiful sunset scenic drive/walk/run to the west side beach areas too. At a 4.6% cap & 20% upside in rents, it is a possibility of over 5.9% cap rate when you achieve market rents. Priced at 12.49 GRM and at market rents 10.4 grm and offered at only $256 a foot, this is one of the best deals available on the market. Professional Mgmt will stay on to keep up good performance. The positive cash low with ability to lock in a 30 year fixed rate loan should be attractive to a new investor or owner user or even a sophisticated one adding a great property to their portfolio.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/112715682
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    2211 S Grand Avenue San Pedro, CA 90731

    • Price: $1,050,000
    • Status: CONTINGENT
    • Updated: 33 min ago
    • ID#: 302985844
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    Neighborhood:
    San Pedro (90731)
    County:
    Los Angeles
    Area:
    San Pedro (90731)
    Property Description
    The Fourplex is a two-story wood frame & stucco 4,096 sf building on a 4501 sf lot built in 1970. The 4 units unit mix is a 1 3 bed 1.5 bath (upstairs Rear) , 2 2/1 units (stacked 1 upstairs/1 downstairs) and a 1 bedroom on the first floor as well as 2 double car garages with ample storage for 4 cars with automatic entry. There is also coin laundry on the second floor next to the central hot water heater. 22nd Street & Grand Avenue is 1 block away from Gaffey Street and several blocks (short bike ride or The Fourplex is a two-story wood frame & stucco 4,096 sf building on a 4501 sf lot built in 1970. The 4 units unit mix is a 1 3 bed 1.5 bath (upstairs Rear) , 2 2/1 units (stacked 1 upstairs/1 downstairs) and a 1 bedroom on the first floor as well as 2 double car garages with ample storage for 4 cars with automatic entry. There is also coin laundry on the second floor next to the central hot water heater. 22nd Street & Grand Avenue is 1 block away from Gaffey Street and several blocks (short bike ride or walk) to 22nd Street Landing and the water. Views from second floor unit and proximity to many of the port of LA/Long Beach employers like Longshore and logistics along with all of the south bay job market is the attraction to this Historical & affordable coastal community town. Just a few blocks from 25th street artery connecting to RPV/PVE & Rolling Hills and Trump GC and Terranea resorts. It is a beautiful sunset scenic drive/walk/run to the west side beach areas too. At a 4.6% cap & 20% upside in rents, it is a possibility of over 5.9% cap rate when you achieve market rents. Priced at 12.49 GRM and at market rents 10.4 grm and offered at only $256 a foot, this is one of the best deals available on the market. Professional Mgmt will stay on to keep up good performance. The positive cash low with ability to lock in a 30 year fixed rate loan should be attractive to a new investor or owner user or even a sophisticated one adding a great property to their portfolio.
    Exterior Features

    Exterior Stucco Irrigation Sprinklers Pool N/K Roof Composition Site Sidewalks Spa N/K

    Interior Features

    Heat Source Propane Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 4 Units With Refrigerators 0 Units With Washers 4

    Property Features

    Actual Cap Rate 4.64 Annual Expense Actual 32829 Assessments Yes/Remarks Buildings 1 Gross Rent Multiplier Actual 12.5 Gross Scheduled Income Actual 83379 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1875.0 Unit2 Rent Actual 2100.0 Unit3 Rent Actual 1655.0 Unit4 Rent Actual 1318.0 Zoning Assessor

    Listing provided courtesy of Tr Wealth Management Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130